(Image Source: Parcel Monitor)
The importance of supply chains, once a neglected topic, has now gained significant attention in the industry. Recent events around the world including the COVID-19 pandemic and the ongoing geopolitical issues such as the Russia-Ukraine conflict have clearly highlighted the great vulnerabilities of global supply chains and the importance of effective supply chain management.
In the most general sense, supply chain management (SCM) refers to the process of organizing and managing the flow of goods and services from suppliers to end-consumers. It is a critical component of any e-commerce business, as it helps to ensure that products are delivered on time and in the right condition. By establishing an efficient supply chain, organizations can simplify their operations, reduce lead times, and enhance customer experiences. Moreover, it can also allow organizations to manage risk, build resilience, and respond quickly to changing market conditions. This is especially important in today’s globalized economy where businesses need every competitive advantage they can get to position themselves for long-term success.
With this in mind, our media partner Parcel Monitor, has created an introductory guide to what supply chain management is all about. The article covers everything one should know about the concept, from the 5 key elements of SCM to the latest trends and predictions for the future of the industry.
Check out the full article at Parcel Monitor to find out more!
About Parcel Monitor
Parcel Monitor is a community initiated by e-commerce logistics enthusiasts at Parcel Perform. We aim to inspire the e-commerce logistics ecosystem to create a better delivery experience for everyone.
Parcel Monitor offers free parcel tracking across 950+ carriers globally on a single platform. Leveraging on our data and technology, we capture consumer trends, provide market visibility, and derive industry insights while fostering collaboration across the entire e-commerce industry.